We spoke this morning and we dont know how much they are paying for this vaccine supply. We dont know whether they will have the right vaccine so many questions on how administrations and i ministers at access to vaccines for their citizens. Tom the virus dynamics are just particularry, make note of the glide path of texas and south carolina. In new york city with our first word news here is ritika gupta. InsistsMitch Mcconnell that businesses, schools, and other organizations be protected against coronavirus lawsuits which is talking down talks over a new stimulus package. Changes inding that Liability Law be included in the legislation. House Speaker Nancy Pelosi says that shows he is not serious about a deal. Federal reserve policy makers will focus on how to jumpstart a rebound from the recession. Almost certain to keep their benchmark rate the same. The fed will make a statement at 2 00 p. M. New york time. Jerome powell will make comments 15 minutes later. Amazon Ceo Jeff Bezos p
After months of no magic, Shanghai Disney throws open its doors today. We will assess theme parks in the coronavirus era. Mixed we are looking at a , possibly positive start for asia. Lets go over to sophie looking at the markets. Sophie asian stocks setting up for a week delivering more Corporate Updates with about 500 companies on the msci aipac to respond this week. And the impact of lockdowns certainly how look growth will be impacted is going to be in focus. We will look at korean trade for may area so this one is edging lower, may. This one is edging lower. Chicago nikkei futures edging higher. The 10year yield adding seven basis points. Tracking the move we have seen of supplyelds pressures prelooking at the offshore yuan over 7. 09. It will bring us Monthly Economic activity data from china this week. Look at the pboc plans to strengthen Monetary Policy report and Pay Attention to growth and jobs on the mainland. Lets look at commodities this morning, oil edging lower after two
Monday, january 13. Fbn a. M. Starts right now. Welcome and good morning everyone. Im Deidre Bolton in for lauren simonetti. We may not need breakfast after all. We will get to that one later on. Lets take a look at how your money is moving this morning. Could today be the tao the day the tao closes above. As for oil into gold we are Holding Steady you can see this. Investors are pretty optimistic about the u. S. China trade deal. For the moment they are selling safe haven assets. As they prepare to cite in phase one. They are arriving today in this country and in japan. Green arrows across the board. The stocks are relatively unchanged. You see them moving a slightly higher. Now to a foxbusiness alert. I ran in a Police Shooting at protesters with tear gas in life emma overnight. President trump is now warning iran the u. S. Is watching. Rick, germanic developments from iran over the weekend. They finally admit they shut down the passenger plane. People taking to the streets to protes
Lifeline. We will hear from the Morgan Stanley ceo on the big 13 billion acquisition of e trade. Paul. Paul thanks, emily. Lets check on how futures are looking in asia. Looking like a much quieter day than yesterday. Sydney futures looking fairly flat right now. U. K. Futures looking weaker by 0. 4 . A bit of a move down in costly futures. We saw u. S. Markets ending modestly low. Concerns about earnings downgrade. More on that later. New zealand also trading right now. Currently flat. Emily thanks. Lets get a check of where the u. S. Markets closed today. Taylor riggs is in the newsroom. What were the highlights . Taylor sort of a risk off day. Really 500 Big Companies leading the losses. Bonds rallying five basis points after the crucial 1. 51, and the yield curve is inverted by the most since october, six basis points. Take a look at the chart in my terminal that put the selloff into perspective. The chip performance relative to s p 500 performance is still near an 18 year high. On
Formal impeachment proceedings with House Speaker nancy pelosi saying he has violated his oath of office. President struck a hard line at the United Nations with comments about china and iran. Investors are weighing another change of tone. Boris johnson refuses to quit as u. K. s top judges attack his suspension of parliament. They say his advice to the queen was unlawful. Stock market,he take a look at this board where you can see the major market averages down across the board. It was donald trump speaking at the u. N. And bashing china. News came out that pelosi was ready to say, ok, we are going ahead with impeachment proceedings. You can see the s p 500 losing a full point. What hit the nasdaq so hard was the fact that donald trump was beating up on big tech companies. Interesting that we are seeing a little bit of an upturn for the stock futures. The s p 500. This hit bonds. Another thing that hit bonds, a big move down in yields, you can see quite a rally of seven basis points a